Key Points:
Stock Splits: Companies increase the number of shares, reducing the price per share while maintaining market capitalization.
Reverse Stock Splits: Reduce the number of shares, increasing the price per share while maintaining market capitalization.
Upcoming Stock Splits:
Nauticus Robotics Inc. (KITT):
Announces a 1-for-36 reverse stock split to comply with Nasdaq Capital Market's bid price requirement.
Effective after market close on July 22; trading on a split-adjusted basis starts July 23.
Finance of America Companies (FOA):
Announces a 1-for-10 reverse stock split to comply with NYSE's price criteria for continued listing.
Effective after market close on July 25; trading on a split-adjusted basis starts July 26.
Stock Splits: Companies increase the number of shares, reducing the price per share while maintaining market capitalization.
Reverse Stock Splits: Reduce the number of shares, increasing the price per share while maintaining market capitalization.
Upcoming Stock Splits:
Nauticus Robotics Inc. (KITT):
Announces a 1-for-36 reverse stock split to comply with Nasdaq Capital Market's bid price requirement.
Effective after market close on July 22; trading on a split-adjusted basis starts July 23.
Finance of America Companies (FOA):
Announces a 1-for-10 reverse stock split to comply with NYSE's price criteria for continued listing.
Effective after market close on July 25; trading on a split-adjusted basis starts July 26.